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The Mexican peso gained ground in mid-week trading, bolstered by a weakening dollar. Investors took a breather as concrete announcements on tariffs remained absent.
The local currency closed at 20.4762 pesos per dollar, according to official Banco de México data. This marked a significant improvement from the previous day’s rate of 20.6457 pesos.
The
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Read more: Mexican Peso Strengthens Amid Tariff Uncertainty
Write comment (92 Comments)Libya's oil industry is poised for substantial growth. Oil Minister Dr. Khalifa Abdulsadek just recently revealed plans to increase the nation's oil refining capacity from 300,000 to 400,000 barrels per day.This move belongs to a wider strategy to rejuvenate Libya's energy sector. The country, which holds Africa's biggest proven oil reserves, tar
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Read more: Libya's Oil Sector Aims for Ambitious Growth
Write comment (95 Comments)(Analysis) Libya aims to enhance its tactical collaboration with Turkey, according to current declarations from Libyan officials. The Libyan Economy and Trade Minister, Mohamed Al-Hwej, highlighted Turkey's function as a crucial partner for Libya's economic development.This news originates from reports by the Anadolu Agency and other sources covering the Libya
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Read more: Libya Seeks Strategic Partnership with Turkey to Boost Economic Growth
Write comment (96 Comments)The gold market witnessed a notable uptick as investors sought refuge in safe-haven assets. The most liquid gold contract closed 0.42% higher at $2,770.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
This surge came as market participants reassessed the potential impact of President Donald Trump’s future tariff p
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Read more: Gold Up Amid Trump Policy Uncertainties and Safe-Haven Demand
Write comment (99 Comments)Morocco took a bold step in expanding its logistics infrastructure on January 20, 2025. Government officials signed an agreement to build the Agadir Atlantic Hub dry port, a $140 million project set to transform the Souss-Massa region.
Prime Minister Aziz Akhannouch presided over the signing ceremony, underlining the project’s importance. The dry p
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Read more: Morocco Launches $140 Million Dry Port Project in Agadir, Eying Logistic Hub Position
Write comment (95 Comments)The Consejo Agroindustrial Argentino (CAA) reported a significant increase in Argentina’s agroindustrial exports for 2024. The sector exported $46.171 billion from January to December, marking a 26.4% rise compared to the previous year.
This growth demonstrates the resilience and adaptability of Argentina’s agricultural sector. December 2024 saw e
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Read more: Argentina’s Agroindustrial Exports Surge 26.4% in 2024
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